Everus Construction Group, Inc. $ECG Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,149,507 shares of the company’s stock after purchasing an additional 29,652 shares during the period. Geode Capital Management LLC’s holdings in Everus Construction Group were worth $98,369,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB acquired a new position in shares of Everus Construction Group in the 4th quarter valued at $4,431,000. Capital International Investors acquired a new position in shares of Everus Construction Group in the 3rd quarter valued at $165,993,000. Range Financial Group LLC acquired a new position in shares of Everus Construction Group in the 4th quarter valued at $1,146,000. Public Sector Pension Investment Board increased its position in shares of Everus Construction Group by 14.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 198,991 shares of the company’s stock valued at $17,063,000 after acquiring an additional 25,140 shares during the period. Finally, Steadtrust LLC acquired a new position in shares of Everus Construction Group in the 4th quarter valued at $843,000.

Everus Construction Group Price Performance

NYSE:ECG opened at $149.76 on Friday. Everus Construction Group, Inc. has a one year low of $58.00 and a one year high of $171.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.71 and a current ratio of 1.77. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 34.35 and a beta of 2.32. The firm’s fifty day moving average is $140.91 and its two-hundred day moving average is $112.78.

Everus Construction Group (NYSE:ECG) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.81 by $0.33. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $933.81 million. During the same period in the prior year, the company earned $0.72 earnings per share. The firm’s revenue was up 25.4% on a year-over-year basis. Research analysts expect that Everus Construction Group, Inc. will post 4.39 EPS for the current year.

Analysts Set New Price Targets

ECG has been the topic of several research reports. Zacks Research downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Cantor Fitzgerald upped their target price on Everus Construction Group from $115.00 to $174.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Guggenheim raised Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research report on Thursday, April 30th. Weiss Ratings raised Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Finally, Freedom Capital downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $155.67.

Everus Construction Group Profile

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers. Everus Construction Group is based in BISMARCK, N.D.